Natixis is the corporate, investment and financial services arm of BPCE, the second-largest banking group in France with 22% of total bank deposits and 37 million clients spread over two networks, Banques Populaires and Caisses d’Epargne.
With around 22,000 employees, Natixis has a number of areas of expertise which are organized in three main business lines: Corporate and Investment Banking, Investment Solutions (asset management, private banking, insurance) and Specialized Financial Services. A global player, Natixis has its own client base of companies, financial institutions and institutional investors as well as the client base of individuals, professionals and small and medium-size businesses of BPCE’s two retail banking networks.
Listed on the Paris stock exchange, it has a solid financial base with total Tier 1 capital of €12.8 billion, a Tier 1 ratio of 9.2% and quality long-term ratings (Standard & Poor’s and Fitch Ratings: A+; Moody’s: Aa3).
He will be in charge of developing a forward looking, transversal vision of Natixis’ potential risks in relation with its capital market activities.
According to Natixis AM, the bailout plan should support the short end of curve and strengthen Irish bonds with residual maturity of 1 to 3 years, which offer attractive carry at yields of around 4.80%.
NGAM wants to position itself, not on the plain-vanilla market but in the specialty ETF market...
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